Dropbox’s main shareholder, owner, and who has the majority of voting power is the CEO and co-founder of the company, Andrew W. Houston (Drew Houston), who has most of the company’s Class B shares (which give him most of the voting power), which provides him with nearly 75% of the voting power. Other major institutional investors comprise The Vanguard Group (10.9% ownership), BlackRock (7.32% ownership), Ameriprise Financial (6.18% ownership), and Columbia Management Investment Advisers (5.96% ownership).
Dropbox generated over 90% of its revenue via its self-serve channels to convert users into paying customers through in-product prompts and notifications, time-limited free trials of paid subscription plans, email campaigns, and lifecycle marketing. Dropbox generated over $2.5 billion in revenue in 2023, with an average revenue per paying user of over $139, based on over 18 million paying users.
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
